Approaching Market With Elliot wave Analysis


posted by saamuu on Wed Jun 27, 2012 11:44 am

#101
sobha still looking good..book half , trail and wait for 6 more days

posted by saamuu on Thu Jun 28, 2012 05:03 am

#102
thanks rusa and mitra bro, i am glad and more happier when someone is grasping and making out of it, real truth is more and more doubts arises it will sharpen the system,we both can grow together

posted by saamuu on Thu Jun 28, 2012 05:32 am

#103
fiis figures telling they have started the WAVEC'S 2nd WAVE,wat an cunning move they making on expriy

posted by saamuu on Thu Jun 28, 2012 06:01 am

#104
NIFTY making ZLR trade trail stop would be CCI ZLR swing low,and target is same,

Attachments

NIFTYZLR28.6.12.png

posted by saamuu on Thu Jun 28, 2012 11:23 am

#105
nifty took supp at our 5121 not broken out and now trading at 5148, the beauty is that exactly at the tony trade trendline nifty took supp and exit long near market closing time,we resume after 2 days

Attachments

tonytradenifty.png

posted by saamuu on Sat Jun 30, 2012 01:03 am

#106
dowjones still running an 2nd wave up,possible complete area is13224/13354, important date to remember for dow is 8 aug 12,abv 13382 enitre structure will change

Attachments

dowjones30.6.12.png

posted by arvindeept on Sat Jun 30, 2012 09:45 am

#107
excellent analysis samuu........ Your analysis is bang on.... I had come to the same conclusion with the 4 hourly charts. And yes Bank Nifty is giving better indications of what might come next. Keep rocking....:)

posted by saamuu on Sat Jun 30, 2012 12:38 pm

#108
Surprise Surprise market have Surprised everybody, fiis had no choise had to lift up bcos of dowjones overnight 277 pts rally ,they know it one day in advance so have to violate formalities of wave thoeory and gap up, one fine day market chart will corect themself on the top as doing the same structure as they did past 10 days , i believe same zigzag dull market will come on coming 5th wave on this rally, now 5345 is the 3rd of 3rd waves end,and 4th wave down then final 5th wave up, main trends 3rd wave targets 5640,subwave 3rd targ 5308/5345, remember this is 3rd wave, after completing 4th one more up is there ,target may extend based on the moves,

Attachments

NIFTY30.6.12.png

posted by saamuu on Sat Jun 30, 2012 12:50 pm

#109
banknifty is lilttle bit clear in charts, 3rd wave targs 11165/11427,do remember the dates 14 july and 25th july ,important dates for reversals,may be 5th waves target 11760

Attachments

banknifty30.6.12.png

posted by saamuu on Sat Jun 30, 2012 12:54 pm

#110
udsinr 3rd waves 1st wave got completed it have to retrace atleast to 53 then back up,

Attachments

USDINR30.6.12.png

posted by saamuu on Sun Jul 01, 2012 03:27 am

#111
bankindia buy abv 365 targ 410 stop 342 cipla buy cmp 316 weekly targ 328 stop 304 .targ till 28th aug(30 days) is 342 idbi buy cmp 93.4 weekly targ 101/107 hold till 10 th aug for more targets we already recomened idfc at 105 for 140 targ last month. now at 136 still recomending to buy cmp 136 stop 125 targ 150 within 20 days indusindbank buy cmp 331 stop 318 weekly targ 354, hold for 1 month targ is 388++ hold maruti for just 12 days cmp 1169 targ 1230/1268 stop 1103 buy relcapital cmp 358 stop 336 tar 384/396 in 12 days

posted by saamuu on Sun Jul 01, 2012 08:07 am

#112
thanks avindeept,banknifty and some counters are giving good info than nifty,,this shows fiis are afraid to give signals on nifty for us,

posted by saamuu on Mon Jul 02, 2012 07:32 am

#113
maruti today low made 1155 and jumped to 1200 now its blasting ,trail the stop for desired target

posted by saamuu on Mon Jul 02, 2012 10:52 am

#114
delivery call performing well cesc/bgrenergy have shoot up today, cesc 300(3.45% up),bgrenergy 312(3%up)

posted by saamuu on Tue Jul 03, 2012 05:14 am

#115
levels not changed,so updates are not given yesterday,5308 is our first level,yesterday it did first halt,second one is 5345,so try to book longs and stirctly trail the stop, its not mean market going to sell off but an 4th wave will be sharp for 80 pts not ruled out,so book and buy back at dips for one more up for 5th wave in hourly chart,one can trade for that 80 pts if our level holds as strong resistance

posted by saamuu on Tue Jul 03, 2012 05:53 am

#116
cesc achieved target of 308.8 from 284 can book profits,bgrenergy today also 2%up keep trailing

posted by saamuu on Tue Jul 03, 2012 09:48 am

#117
this week delivery relcap 2.5% up today.firm trading in that counter today,

posted by saamuu on Tue Jul 03, 2012 12:12 pm

#118
weekly delivery call followup, cesc hit target 308.8 ,recomended to buy at 284 relcapital today hit 380(5%up) ,recomened to buy at 358 indusindbank 344 ,recomended to buy at 331, maruti hit 1204 yesterday and today 1201 ,recomended to buy at 1160 punjlloyd now 52.6 ,recomended to buy at 48, bgenergy hit 316.4, recomeded to buy at 284 . idbi 97 ,recomended to buy at 93 open position yet to go up: cipla, orbitcorp relpower idfc (can hold some small positions for time period,even target is met)

posted by saamuu on Wed Jul 04, 2012 07:38 am

#119
ioc buy cmp 265 stop 250 tar 280/290 in 20 days

posted by saamuu on Wed Jul 04, 2012 10:57 am

#120
delivery call update, relcapital hit 1st target 383 ,recomended at 358 punjlloyd hit 1st target 53.75 recomended at 48 maruti just short of 7 pts from target 1223 recomended at 1160, orbitcorp started now 4% up today, cipla also started,


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